|Interest Rate||6.90% onwards|
|Loan Tenure||Up to 30 Years|
|Loan Amount||As per LTV|
Top Up: Up to Rs 50 Lakh
|Processing Fee||Up to 0.5% of the loan amount |
(Rs 1500 – Rs 10000) + GST
|Prepayment Fee||NIL for floating home loans|
Additional Info: Also check Canara Bank Balance Check Number
Also Read – Home Loan Balance Transfer Can Reduce Your EMI by 13%
To qualify for Canara Bank Home Loan Balance Transfer, you must meet following eligibility criteria:
Also Check – Loan Eligibility for Home Loan
Applicable rate of interest for Home Loan balance transfer customers are as under:
|Type of Home Loan||Rate of Interest (% p.a.)|
|Canara Housing Loan for Purchase/ Construction/ Extension/Repair or renovation of home||6.90% to 8.90%|
|Canara Home Improvement Loan||9.40 – 11.5 %|
|Canara Home Loan Plus||7.45 – 9.50 %|
|Canara Home Loan Secure||7.00 % onwards|
|Canara Mortgage Loan||9.95 – 12.00%|
|Canara Site Loan||7.95% – 9.00%|
Also Check – Canara Bank Home Loan Interest Rates
There are no hidden charges involved.
Canara Bank Home Loan processing fee is nominal at 0.50% (Min Rs.1500/- and Max. Rs.10,000/-).
There are NIL Prepayment charges for floating loans.
Additional Info: Also get Canfin Home Loan
To avail a balance transfer, you will require following additional documents.
Home Loan documentation
Also Check – Documents Required for Home Loan
It is completely hassle free to transfer balance of your home loan to Canara Bank. Follow steps as discussed under-
For your queries about home loan balance transfer, call Canara Bank on any of the following numbers:
Apply for Home Loan Balance Transfer online instantly and get lower interest rate starting at 6.45% p.a. Get better terms and services. You can also avail instant top up loan facility during balance transfer.